SOLI.L closes flat at 0.0%
Solid State plc (SOLI.L) Technical Analysis Report for May 17, 2018
SOLI.L finished Thursday at 280.00 flat on low volume.
Thursday's trading range was £15.00 (5.54%), that's slightly above last trading month's daily average range of £11.78. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being way below average.
In a volatile session, prices traded above the prior day's high as well as below the previous day's low, forming a bullish Outside Bar.
Prices are trading close to a key support level at 274.00.
While Solid State is experiencing a short-term up trend, this could just be a correction, as both the medium and long term trends are still in negative territory.
Buying might speed up should prices move above the nearby swing high at 290.00 where further buy stops could get activated.
While classical technical analysis indicates a bullish sentiment for the next trading day, our quantitative statistics show a different picture being slightly bearish.
Market Conditions for Solid State plc
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